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Which of the following is true regarding federal jurisdiction? Multiple Choice There is no exclusive federal...
Which of the following is true of the burden of proof in a criminal trial? Multiple...
Which of the following is true of the burden of proof in a criminal trial? Multiple Choice It must be "beyond a reasonable doubt." It is placed on the defendant. During the closing of a case, when the defendant's attorney goes first, he or she has the burden of proof. It is similar to that for civil cases.
Which of the following is NOT true regarding intangibles? Multiple Choice Goodwill is amortized over its...
Which of the following is NOT true regarding intangibles? Multiple Choice Goodwill is amortized over its useful life An intangible with a definite life is amortized over the lessor of legal or useful life. Research and Development is expensed right away Intangibles that are developed internally and immaterial in amount may be expensed rather than amortized
THIS MULTIPLE- CHOICE QUESTION The majority of federal administrative agencies are part of which category of...
THIS MULTIPLE- CHOICE QUESTION The majority of federal administrative agencies are part of which category of agency? The executive branch The judicial branch The legislative branch Independent agencies None of these Al's Car Shack believes its business has been hurt by a new administrative agency rule that creates excessive paperwork for the sale of used cars. In order to challenge the new rule, Al's Car Shack may immediately challenge the rule in federal court. immediately challenge the rule by filing...
Enlightened self-interest is always a substitute for government regulation. True False Unethical conduct and the law...
Enlightened self-interest is always a substitute for government regulation. True False Unethical conduct and the law are interrelated. True False When there is a lawsuit between citizens of tow different states, the federal court system may hear the case using (3 Points): Federal question jurisdiction Citizenship jurisdiction The Erie doctrine Diversity jurisdiction The highest authority for a question of state law is The court of original jurisdiction The state’s Supreme Court The United States Supreme Court The United States District...
Which of the following is accurate regarding a federal agency’s Statement of Net Costs? Multiple Choice...
Which of the following is accurate regarding a federal agency’s Statement of Net Costs? Multiple Choice Costs are reported within the broad categories of current, capital, and debt service. Both the statements "Costs are reported within the broad categories of current, capital, and debt service" and "It is similar in presentation to the GASB government-wide Statement of Activities in that earned revenues are subtracted from costs to determine the net cost of government services" are accurate. Neither the statement "Costs...
Item 16 Item 16 Which of the following is true? Multiple Choice Federal securities laws regarding...
Item 16 Item 16 Which of the following is true? Multiple Choice Federal securities laws regarding the issuance of misleading financial statements apply not only to the independent auditors, but to management of the company as well. Attaining a passing score on the part of the Uniform CPA Examination that covers professional ethics is evidence of integrity and commitment to ethical conduct. The existence of generally accepted accounting principles (GAAP) virtually eliminates the need for professional judgment except in very...
Which of the following statements is true about a minitrial? Multiple Choice A minitrial involves a...
Which of the following statements is true about a minitrial? Multiple Choice A minitrial involves a six-member mock jury empaneled by the court that hears a shortened presentation of the case by the lawyers for each side and renders an advisory verdict. A minitrial often involves a neutral third-party advisor who will render a nonbinding opinion, if a settlement is not reached, regarding how a dispute is likely to be resolved if it goes to trial. A minitrial is conducted...
Which of the following is true regarding debits and credits? Multiple Choice Whether a debit or...
Which of the following is true regarding debits and credits? Multiple Choice Whether a debit or credit increases or decreases an account depends on the type of account. Debits increase an account and credits decrease an account. Credits increase an account and debits decrease an account. There are some circumstances that allow for debits and credits to not equal.
11. When the police lawfully arrest the occupant of a vehicle, they have had the right...
11. When the police lawfully arrest the occupant of a vehicle, they have had the right to search the passenger compartment of that vehicle. A 2009 U.S. Supreme Court decision limited that authority to two circumstances which include the following: Multiple Choice If the police can place a GPS tracker on the vehicle in an effort to see if a crime has been or may be committed A lawful arrest for a routine traffic stop occurs within a five-mile radius...
Which of the following is true regarding pension accounting and reporting? Multiple Choice Local governments include...
Which of the following is true regarding pension accounting and reporting? Multiple Choice Local governments include only the pension plans for which it is trustee in pension trust funds Statement of Fiduciary Net Position. The Net Pension Liability reported by local governments include only the pension plans for which the local government is trustee. no liability needs to be reported for state sponsored plans in which the local government participates. Both of the above Neither of the above.
Which of the following is true regarding pension accounting and reporting? Multiple Choice Local governments include only the pension plans for which it is trustee in pension trust funds Statement of Fiduciary Net Position. The Net Pension Liability reported by local governments include only the pension plans for which the local government is trustee. no liability needs to be reported for state sponsored plans in which the local government participates. Both of the above Neither of the above.
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